by Answerbag Staff on July 16th, 2010

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What does it mean if a piece of real estate is under contract?

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  • by Solomon Lander on July 16th, 2010

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    The term "under contract" means that the buyer and seller have fully executed a purchase agreement for the piece of real estate. This typically starts the process of due diligence where the buyer analyzes the property to decide if they want to consummate the transaction.

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